As a $DOCK holder, this token merger with $CHEQ brings a host of compelling benefits that enhance both the value and utility of your tokens:

✅ Increased Token Liquidity: cheqd has over 81,500 token holders and is listed on multiple centralized and decentralized exchanges, such as Uniswap, Osmosis, Kujira, and ShadeSwap, with ongoing efforts to secure additional listings. Dock will seek to transition $DOCK’s existing exchange listings to $CHEQ, ensuring greatertrading volumes and access to new markets and geographies. This will provide greater liquidity and trading opportunities for $DOCK token holders.

✅ Tokenomics That Benefit Holders: On the cheqd network, presently every identity transaction executed results in the burning of $CHEQ tokens, creating a deflationary mechanism. In the coming months, this mechanism will widen from only identity transactions to any transaction using an Ethereum EIP 1559 style burn. Furthermore, a generic burn transaction will be implemented so that $CHEQ which has been minted in excess, e.g. has not been claimed as part of the migration, is burnt.

✅ Immediate Access to Enhanced Resources: cheqd has a wealth of resources that will be available to $DOCK token holders from day one. These include a selection of software tools, staking opportunities, participation in liquidity pools, support from market makers, engagement with influencers, and access to a vibrant, active community. These resources provide immediate value and create new avenues for engagement within the ecosystem.
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This merger not only preserves the value of your $DOCK tokens but amplifies it, providing you with more tools, opportunities, and potential for growth within the rapidly expanding decentralized identity ecosystem.